(MENAFN) Dubai Municipality said that the first hotel for dogs and cats in the emirate is set to open next year, Arabian Business reported. The USD14.7 million project will include a Birds and Pets Market three times bigger than the animal market currently in Dubai. The project will be spread over 835 square meters of land and will be capable of accommodating for 50 pets.
(MENAFN) Etisalat said that it completed the first phase of its major business transformation project, Khaleej Times reported. The project aims to simplify business processes and deploy a converged Business Support Systems (BSS) architecture to improve customer care. Etisalat"s chief information officer said: "We are now looking forward to the remaining phases of this strategic transformation programme which will pave the way for driving product innovation, improving customer experience and enhancing our operational effectiveness.
(MENAFN) Sukuk debt in the Gulf Cooperation Council (GCC) is expected to gain an average of three percent next year, Khaleej Times reported. Chief investment officer at Asset Management Group said that Shariah-compliant debt this year brought returns of 1.2 percent. He said that the question for 2014 is not will Sukuk grow, but how much will it grow.
(MENAFN) Exhibitors at the second OIC Halal Middle East Exhibition and Congress said that the halal food industry is increasingly spreading in markets around the world, Khaleej Times reported. Investors in the industry are looking for more opportunities to support its growth in the market. Audit manager at Halal Italia said: "Halal food is picking up in Italy and we are confident of its success in the country because of its popularity even in non-Muslim population." Halal Italia is the Italian organisation for Islamic certification, which is also recognized from the Ministry of Environment and Water in the UAE and the Islamic Religious Council of Singapore. "Our association is a non-profit body that has been formed to provide a common platform to stakeholders in Korea halal industry," Korea Halal Association advisor said.
(MENAFN) Bangladesh Petroleum Corporation (BPC) will import 1.3 million tons of oil in 2014, or 8 percent additional oil compared to last year, according to Arab News. Abu Dhabi National Oil Company will provide Bangladesh with the needed 700.000 tons of Murban crude. BPC purchased around 1.2 million tons of crude from the two national oil companies this year.
(MENAFN) Saudi industrial output grew by 10.9 percent and amounted at USD74.51 billion in 2012, according to Arab News. The number of workers in the industrial sector reached 768,000 by the end of 1433. On the number of factories reached 5,991 plants by the end 1433, where plastic products formed 12 percent of total industrial products, while non-metallic products were 8 percent.
(MENAFN) A world-class seaport will be launched at King Abdullah Economic City by the beginning of 2014, according to Arab News. The port is designed to be one of the top ten ports in the world, and will extend over 15 million square meters. Makkah Gov. Prince Khaled Al-Faisal said: "This is an important project. It will not only serve the Makkah region but also the whole Saudi Arabia."